Analysts Have Conflicting Sentiments on These Materials Companies: Atkore International (NYSE: ATKR), Baker Hughes (NYSE: BHI) and Kinder Morgan (NYSE: KMI)

By Jason Carr

Analysts have been eager to weigh in on the Materials sector with new ratings on Atkore International (NYSE: ATKR), Baker Hughes (NYSE: BHI) and Kinder Morgan (NYSE: KMI).

Atkore International (NYSE: ATKR)

Credit Suisse analyst Julian Mitchell reiterated a Hold rating on Atkore International (NYSE: ATKR) yesterday and set a price target of $23. The company’s shares opened today at $21.89, close to its 52-week high of $22.49.

According to TipRanks.com, Mitchell is a 5-star analyst with an average return of 8.3% and a 71.2% success rate. Mitchell covers the Industrial Goods sector, focusing on stocks such as United Technologies Corp., Emerson Electric Company, and Rockwell Automation Inc.

Atkore International has an analyst consensus of Hold, with a price target consensus of $23.

Baker Hughes (NYSE: BHI)

Credit Suisse analyst James Wicklund reiterated a Buy rating on Baker Hughes (NYSE: BHI) today and set a price target of $61. The company’s shares opened today at $63.07, close to its 52-week high of $64.58.

According to TipRanks.com, Wicklund is a 3-star analyst with an average return of 3.1% and a 42.4% success rate. Wicklund covers the Basic Materials sector, focusing on stocks such as Oceaneering International, Oil States International, and Mammoth Energy Services.

Currently, the analyst consensus on Baker Hughes is Moderate Buy and the average price target is $59.33, representing a -5.9% downside.

In a report issued on November 21, Susquehanna also reiterated a Buy rating on the stock with a $70 price target.
Kinder Morgan (NYSE: KMI)

Credit Suisse analyst John Edwards reiterated a Buy rating on Kinder Morgan (NYSE: KMI) today and set a price target of $26. The company’s shares opened today at $22.31, close to its 52-week high of $23.36.

Edwards observed:

“We continue to believe the project is completed and comes online in mid-2020 given current pipeline politics.”

According to TipRanks.com, Edwards is a 2-star analyst with an average return of 0.4% and a 47.3% success rate. Edwards covers the Basic Materials sector, focusing on stocks such as Calumet Specialty Products, Dcp Midstream Partners Lp, and Antero Midstream Partners.

Currently, the analyst consensus on Kinder Morgan is Strong Buy and the average price target is $24.50, representing a 9.8% upside.

In a report issued on November 21, BMO Capital also upgraded the stock to Buy.